Home | Newsletter | Advertise
loading...

A Look At DC's Million-Dollar Neighborhoods

  • August 20th 2024

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

photo_76412717-1500x1000.jpeg
A home that sold in Georgetown last year.

A report came out late last week stating that nearly 9% of homes in the U.S. are worth at least $1 million. With this news, we thought it might be a good way to end the summer by looking at the neighborhoods in DC where the median home price hit or exceeded $1 million in 2024.

An analysis by UrbanTurf with data from Bright MLS found that there are 16 seven-figure neighborhoods in the city, an increase from 14 neighborhoods in 2023. 

million-neighbors.jpg
Click to enlarge.

The three priciest neighborhoods in DC -- Kent, Spring Valley and Burleith -- are the sections of the city where home prices exceeded $2 million, with Berkley coming in just below the $2 million benchmark.

Out of the 16 neighborhoods, there were just fiver where the median home value fell year-over-year. A few of the neighborhoods that barely missed the million-dollar list include 16th Street Heights and Bloomingdale. 

Note — Median price takes into account co-ops, condos, and single-family homes.

This article originally published at https://dc.urbanturf.com/articles/blog/a_look_at_dcs_million-dollar_neighborhoods/22619.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse